September 24, 2013
I’m writing in support of a strong Dodd-Frank rule 953(b). STRONG, STRONG, STRONGER!!!
Disclosing corporate pay ratios between CEOs and average employees will discourage the outrageous and reckless pay practices that fueled the 2008 crash.
Knowing which corporations heap riches upon their executives while squeezing struggling employees also will be a useful factor for me when considering which businesses to support with my consumer and investment dollars. I have already studied the companies I own stock in and am looking forward to shareholder votes, but I need your help. The ratios and rationales need to be clear to the public. That is your job, and should be. The public needs to know exactly what is happening in boardrooms.
I am aware that you are under intense pressure by business interests to weaken or abandon the rule. Do NOT give in. Instead, weigh your duty to PROTECT investors and the American public against the self-serving interests of those seeking to undermine this rule. We are counting on you to do what is right for the country, and the investors- NOT the groups representing special interests, who only have THEIR pockets in mind. Healthy people, healthy workers, healthy country, healthy bank accounts for all... that is your job.
Thank you for considering my comment,
stacy rauch
new york, NY